RES 89-3 RESOLUTION 89 - 3
A RESOLUTION OF THE CITY OF ELK RIVER
411 ECONOMIC DEVELOPMENT AUTHORITY
A RESOLUTION FOR THE CITY OF ELK RIVER ECONOMIC DEVELOPMENT
AUTHORITY IN AND FOR THE CITY OF ELK RIVER, MINNESOTA
WHEREAS, Minnesota Statute 469 .107 Subdivision 1 authorizes the
Economic Development Authority to levy .01813 percent of
taxable market value to fund the authority' s
aniticipated budget needs for the next fiscal year;
and,
WHEREAS, the City of Elk River Economic Development Authority has
adopted its budget and forwarded such to the City of Elk
River pursuant to Minnesota Statutes 469 .100,
Subdivision 2 .
NOW, THEREFORE, BE IT RESOLVED by the Economic Development
Authority in and for the City of Elk River, Minnesota,
that it requests the City Council for the City of Elk
River to levy a tax in the amount of . 01813 percent
taxable market value in the City for the year 1990 for
the benefit of the Authority to be used for Economic
Development Authority purposes as provided in the
statute .
410_ This Resolution adopted this 25th day of September, 1989, by the
Economic Development Authority in and for the City of Elk River.
/
James A. Tralle, President
ATTEST:
Patrick D. Klaers, Executive Director